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Tag Archives: barriers to entry
Perfect Competition
Dear Friends, It seems to me, no company on Earth wants perfect competition in its own industry, but every company seeks perfect competition in the job market. Why? It’s self-serving. Companies want cheap labor and expensive products. That paradigm allows … Continue reading →
Posted in business, economy, Group Politics, Law, media, philosophy
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Tagged American worker, barriers to entry, collective action, corporate lobbying, corporate-government collusion, crony capitalism, economic theory, executive bonuses, free markets, globalization, H1B visa, immigration policy, labor market, outsourcing, perfect competition, political economy, regulatory capture, wage disparity, wage suppression, wells fargo
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